30% – How many cannabis consumers think “all cannabis brands are pretty much the same” Cannabis brands have made inroads with consumers, but they still have a long way to go with nearly one-third of users saying there’s no real difference between brands. It’s fewer than seen in 2021 data, …
Tag: Investing
RIV Capital Details New York Adult-Use Strategy – and its Not Retail
RIV Capital Inc. (CSE: RIV) (OTC: CNPOF), one of the few “registered organizations” in New York licensed to sell medical marijuana through its Etain subsidiary, made clear that its approach to the Empire State’s recreational cannabis market is to compete on wholesaling and brand-building, not retail. With just over $90 …
The Daily Hit: August 29, 2023
The Daily Hit is a recap of the top financial news stories for Aug. 29, 2023. On the Site New York Judge Changes Course on Exemptions, Freezes All Cannabis Licensing New York state Judge Kevin Bryant abruptly reversed course in a new order on Tuesday that now forestalls any exemptions …
PharmaCielo’s Q2 Revenue Plunges
PharmaCielo Ltd. (TSXV: PCLO) (OTCQX: PCLOF) reported its financial results for the second quarter ending June 30, showing little revenue against a larger net loss. The Canadian parent company of Colombian cannabis cultivator and extracts maker PharmaCielo Colombia Holdings S.A.S. reported revenue of $160,000 during the quarter, a significant fall …